Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Today’s pig butchering scams usually involve investment schemes and cryptocurrency fraud. Would you like other articles like this in your inbox?

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

JULY 15, 2019

India is reportedly considering a ban on cryptocurrencies. According to Cointelegraph , an unverified document published by tech lawyer Varun Sethi has been making the rounds on social media, showcasing a draft bill entitled “Banning of Cryptocurrency & Regulation of Official Digital Currencies.”.

cryptocurrency 115

cryptocurrency social media blockchain Regulation 115

PYMNTS

AUGUST 23, 2018

The Chinese government has a complicated relationship with cryptocurrency: While it seems to be enthusiastic about the applications of blockchain technology, the country has banned initial coin offerings (ICOs) and blocked crypto trading sites. Why WeChat?

social media 100

social media cryptocurrency blockchain Technology 100

PYMNTS

SEPTEMBER 24, 2019

Bank of Japan Head Haruhiko Kuroda spoke to business leaders in Osaka about the importance of having a coordinated global plan to regulate Libra and other cryptocurrencies, Reuters reported on Tuesday (Sept. He urged policymakers to ensure that the highest level of regulation is applied to such assets.

Regulation 108

Regulation social media cryptocurrency Policies 108

PYMNTS

JULY 16, 2019

The Swiss regulator that Facebook claimed will oversee its cryptocurrency hasn’t heard from the social media giant, according to a report by CNBC. However, when the FDPIC was asked about its involvement, spokesperson Hugo Wyler said that he, like everyone else, was keeping track of Marcus’ comments through the media. “We

Regulation 100

Regulation social media cryptocurrency Data 100

PYMNTS

JUNE 27, 2019

The head of Germany’s Federal Cartel Office said on Thursday (June 27) that cryptocurrency backed by large tech companies could be put under a microscope by antitrust regulators, according to a report by Reuters. Many bankers and financial analysts voiced concern that the new currency could alter the global financial framework. “If

Regulation 108

Regulation cryptocurrency social media Data 108

PYMNTS

OCTOBER 13, 2020

Department of Justice, which said in a report that rogue nations and other risks loom as exchanges are lightly (or not at all) regulated – making it difficult to, as the maxim goes, follow the money. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. In the report from the U.S.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

JUNE 20, 2019

Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”.

Regulation 116

Regulation social media cryptocurrency Capital 116

PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk. Yao was the head of China’s central bank digital currency initiative. .

Bitcoin 131

Bitcoin Fraud Regulation social media 131

PYMNTS

NOVEMBER 3, 2020

The company’s recent investments — particularly its expansion into cryptocurrency and buy now, pay later (BNPL) financing — were of particular interest to analysts during the Q&A segment of the earnings call. Pinterest Gains Advertisers as It Competes With Other Social Networks. Ant IPO Postponed by Shanghai Stock Exchange.

Groups 137

Groups Regulation social media Apple 137

PYMNTS

OCTOBER 14, 2019

It is looking unlikely that Facebook will get the regulatory approval needed to launch its controversial cryptocurrency, Libra, next year.

social media 124

social media cryptocurrency Regulation Policies 124

PYMNTS

JUNE 25, 2019

The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. According to American Banker , the committee will meet July 17 to examine Facebook’s proposed cryptocurrency and its impact on consumers, investors, and the U.S.

cryptocurrency 166

cryptocurrency social media Regulation Meeting 166

PYMNTS

JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. 29), and reported that total costs and expenses hit some $46.71 Challenges to Come.

social media 142

social media cryptocurrency Examples Report 142

PYMNTS

JUNE 24, 2019

The think pieces have come in waves, as have the reactions from analysts, cryptocurrency enthusiasts and regulators — and the world waits to see exactly what Facebook and its cadre of payments and commerce players design. There will be perceptual hurdles to clear, and regulators to convince.

Payments 179

Payments cryptocurrency social media Regulation 179

PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. Mnuchin added that the Treasury has informed Facebook, as well as other cryptocurrency users, that they need to implement the same anti-money-laundering and counter-terrorism safeguards as other financial institutions.

National 187

National Security cryptocurrency US 187

PYMNTS

AUGUST 20, 2019

European Union antitrust regulators announced that they are “currently investigating potential anti-competitive behavior” related to Facebook ’s Libra. Facebook and the commission both declined to comment on the investigation. Facebook and the commission both declined to comment on the investigation. lawmakers, led by Rep.

social media 177

social media Regulation cryptocurrency America 177

PYMNTS

JULY 23, 2019

The Swiss Federal Data Protection and Information Commissioner (FDPIC) said it still hasn’t heard from Facebook regarding its supposed oversight of Libra, the social media giant’s proposed cryptocurrency. . Libra has already faced stiff scrutiny from regulators and policymakers all over the world.

Data 161

Data social media cryptocurrency Regulation 161

Payments Source

FEBRUARY 21, 2018

Despite panicked cries to the contrary on social media and cable news, federal authorities are keeping a careful eye on evolving digital currency markets, as regulators are likely to tell Congress on Tuesday.

cryptocurrency 62

cryptocurrency social media Regulation Marketing 62

PYMNTS

FEBRUARY 14, 2020

12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). interest in cryptocurrency is on the rise, as military contractors have begun to see its uses and the Federal Reserve seeing the potential in digital coins. In the U.S.,

Bitcoin 141

Bitcoin NJ cryptocurrency social media 141

Abrigo

MARCH 8, 2024

They employ technology and social engineering tactics, reaching victims through email, social media, and text messages. Funds are then funneled abroad through wire transfers and cryptocurrency transactions, financing transnational criminal networks. Navigate your BSA exam with tips from this on-demand webinar.

Fraud 195

Fraud Technology Trends Training 195

PYMNTS

OCTOBER 1, 2019

Cryptocurrency pursuits conducted without supervision are more concerning to Switzerland than Facebook’s Libra coin, Reuters reported on Tuesday (Oct. Here is something which is being done transparently,” he said, referring to Facebook’s Libra , which will be closely regulated and subjected to anti-money laundering laws. “We

social media 144

social media cryptocurrency Regulation blockchain 144

PYMNTS

JULY 27, 2018

dollars that are exchanged from the user’s existing cryptocurrency account. FitPay chose that channel, as it can be challenging to find bitcoin users: Mainstream social media companies and ad venues have cut off crypto advertising for various reasons, for example. and president of FitPay, told PYMNTS.com in an interview.

Bitcoin 111

Bitcoin cryptocurrency social media Community 111

PYMNTS

SEPTEMBER 5, 2019

Facebook has added two new lobbyists in its bid to make its proposed cryptocurrency Libra a reality, according to a report by Bloomberg. The social media giant has been facing a lot of scrutiny over Libra, from lawmakers and regulators all around the globe. We can even look at new services even before they’re introduced.

Idaho 122

Idaho cryptocurrency social media Washington 122

PYMNTS

SEPTEMBER 11, 2019

The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept. The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation.

Payments 182

Payments social media cryptocurrency System 182

PYMNTS

JUNE 26, 2019

Federal Reserve plans to hold Facebook ’s cryptocurrency, Libra , to high standards when it comes to consumer protection and regulation. The Fed won’t be the only regulator taking a close look at Libra. The Senate Banking Committee will hold its own hearing on the social media giant’s digital currency the day before.

CA 128

CA social media cryptocurrency Regulation 128

PYMNTS

SEPTEMBER 16, 2019

Calibra CEO David Marcus, who’s heading up the organization pushing the proposed Facebook cryptocurrency Libra, has taken to social media to dispel the idea that the crypto is a danger to the status quo of the global economy, according to reports. . A key part of assessing new initiatives is to understand the details,” he said.

social media 156

social media National Regulation Payments 156

PYMNTS

JUNE 2, 2019

North Korean hackers have targeted South Korean cryptocurrency exchange UpBit. The Financial Stability Board ( FSB ) has warned that regulators need to increase their risk assessments of the cryptocurrency sector.

social media 119

social media Bitcoin cryptocurrency blockchain 119

PYMNTS

JUNE 20, 2019

Federal Reserve Chairman Jerome Powell revealed that Facebook has spoken to the central bank about its upcoming cryptocurrency, called Libra. With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users,” she said.

cryptocurrency 108

cryptocurrency CA social media Regulation 108

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations. community banks and small business lending.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

MARCH 1, 2019

Facebook , Telegram and Signal are looking to launch their own cryptocurrencies that will allow users to send money internationally on their messaging systems. The social media giant has even spoken with crypto exchanges about selling the coin to consumers, telling them that it hopes to have a product out in the first half of the year.

social media 214

social media cryptocurrency New York Bitcoin 214

PYMNTS

FEBRUARY 27, 2020

In an advanced economy, the way to deal with problems like money laundering is through oversight and government regulations , Amamiya said. One of the reasons that CBDCs are such a talked-about topic is Facebook’s push for its own cryptocurrency, Libra. They will also confer with colleagues overseas on the topic.

social media 160

social media cryptocurrency Conference Study 160

PYMNTS

AUGUST 27, 2019

Facebook’s Libra cryptocurrency project is working with HackerOne on a bug bounty for applications built on its blockchain, TechCrunch reported on Tuesday (Aug. They’re offering up to $10,000 to anyone who can find code flaws in projects developed on the foundation’s testnet.

Security 132

Security blockchain cryptocurrency social media 132

PYMNTS

JUNE 20, 2019

Facebook’s Libra cryptocurrency and Calibra digital wallet won’t be available in certain markets. The social media giant shared its plans for both projects, which aim to transform financial services worldwide by empowering the more than 1.7 billion people around the world who currently do not have a bank account.

Marketing 108

Marketing cryptocurrency social media United States 108

PYMNTS

SEPTEMBER 18, 2019

Before it publicly released its plans for Libra, Facebook met with the Finance Ministry, the central bank and regulators in the U.K. about the proposed cryptocurrency, according to Reuters. . Engaging with regulators, policymakers, and experts is critical to Libra’s success,” a Facebook spokeswoman said. On Monday (Sept.

social media 100

social media cryptocurrency Regulation United States 100

PYMNTS

JULY 1, 2019

Facebook’s announcement of Libra late last month has spurred greater regulatory oversight of cryptocurrencies, with a particular eye on who may be bringing those cryptos into the larger payments ecosystem. In Italy, the country’s data protection regulator fined Facebook the equivalent of $1.1 FDIC’s New Division.

cryptocurrency 100

cryptocurrency Regulation social media FDIC 100

PYMNTS

SEPTEMBER 11, 2019

Cryptocurrencies — Facebook’s Libra included — face at least some new headwinds as they target a mainstream embrace. The official said she was planning to meet with the Swiss financial regulator, FINMA, this week, in discussions that according to Coindesk would focus on anti-money laundering (AML) efforts. On Wednesday (Sept.

social media 116

social media cryptocurrency Regulation United States 116